HMRC Admin 10

Hi

Yes you would then need to complete a self assessment return for foreign income but you you would not need to register as a sole trader and no NI would be charged.

If you wanted to pay NI you could set up a DPNI scheme.

Guidance can be found here:

PAYE20100 - Employer records: set up employer record: DPNI scheme - direct payment (tax and NIC)

Thankyou.

Regards.

Hi

To pay class 2 and class 4, as this is self emplyed income, you would need to register as a sole trader.

Thankyou.

Regards.

Hi

Thank you for your patience with regards to this scenario.

HMRC does not intend to update the guidance for individuals who have spent less time in the UK due to the Covid-19 pandemic.

You should self-assess in the normal way based on the actual days you have spent in the UK.

There are 3 Automatic overseas tests, 3 Automatic UK tests and the Ties test.

RDRM11040 sets out the order in which each of the tests should be applied to reach a decision on your status.

It will be up to you to work your way through the tests and self-assess accordingly.

Additionally, if you have now ceased work for your part-time UK employer and are now self-employed providing services online you  should refer to RDRM11770 from which can be seen that work is considered to be done at the location where it is actually done rather than where the employment is held or the trade, profession of vocation is carried on.

So if you are in Brazil when doing your job such duties would be regarded as work done overseas.

The taxation of this income will depend on your residence status and where you perform your work.

More information regarding the taxation of different types of income depending on your residence status is available in booklet RDR1 which can be found at :

Special rules for certain occupations

Thankyou.

Regards.
 

Hi

As a UK resident, any income tax from abroad, including capital gains tax needs to be reported to the UK unless you are claiming the remittance basis.

Further guidance on both can be found here :

Capital Gains Tax

and

Residence, domicile and the remittance basis: RDR1

Thankyou.

Regards.

Hi Blobcore

As previously suggested, please contact the helpline for confirmation.

Thankyou.

Regards.

Hi

Depending on the purpose of the vehicle, Annual Investment Allowance (AIA) may be best suited.

Please find further guidance contained within the Capital Allowances Manual, specifically CA23080 on AIA qualifying expenditure and generally CA20000.

Thankyou.

Regards.

 

Hi

Thank you for your question.

SDLT is dealt with by a different part of HMRC and you would have to speak to that office but as I have said in my previous answer transferring ownership is not required to transfer the right to all or part of the income to your wife.

Thankyou.

Regards.

Hi

HMRC does not deal with this type of regulations.

Thankyou.

Regards.

Hi

You can either use the exchange rates provided by the broker at the time of exchange or the end of the year.

Alternatively you can use HMRC's average for the year or monthly exchange rate.

Exchange rates from HMRC in CSV and XML format

Thankyou.

Regards.

Hi

You can contact us here to check the status of your claim:

Self Assessment: general enquiries

Thankyou.

Regards.